"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"
Léon Bloy
08 May 2013
Divergence: HUI/GOLD Ratio Nearing 2001 Lows
As you know HUI is the 'gold bugs index' of mining companies.
As a sector the miners have been hammered.
This is quite a divergence.
The Gold/Silver Ratio is also at rather high levels.